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Google (GOOG)

Google Surprises with Top Management Changes

Google today issued a surprise announcement saying that Larry Page will be the company's CEO, with current CEO Eric Schmidt moving to Executive Chairman. Google's other co-founder Sergey Brin will focus on strategic projects, specifically, new products.
While this is a surprise to the market, Schmidt says that Page and Brin no longer "need adult supervision."

Jan 20 · 4:36:00 PM
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by Larry Etter

Morgan Stanley (MS)

Morgan Stanley Earnings Up on Record Brokerage Fee

Morgan Stanley said its fourth-quarter earnings rose 35 percent on record revenue from its brokerage, the world’s biggest. Net income rose to $836 million, or 41 cents a share, from $617 million, or 29 cents, a year earlier. Earnings from continuing operations, excluding a 17-cent gain on the sale of a stake in China International Capital Corp. and a tax gain of about 6 cents, were 20 cents a share.
The revenues and retail brokerage profits were higher than expected, validating the bank's strategy of bolstering businesses that are less threatened by tougher regulation after the financial crisis.

Jan 20 · 3:45:00 PM
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by Larry Etter

Housing

Sales of existing U.S. homes jumped 12.3% in December over November's levels, the National Association of Realtors said. December's existing-home sales rose to a seasonally-adjusted annualized rate of 5.28 million.
This provides an encouraging end to the worst year since 1997, as the collapse in house prices and a wave of foreclosures depressed activity over the 12-month period.

Jan 20 · 3:40:00 PM
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by Larry Etter

AT&T (T)

AT&T Announces New Bundle Choices

AT&T announced a new AT&T “Choice” bundle that startsat $99 a month for qualifying services and provides a combination of TV, high speed Internet, home phone or wireless voice service — an option not available in most cable bundles. Bundles can include DVR and DVR service, plus a one-year price guarantee and significant monthly savings.

Mar 23 · 11:01:00 AM · Source: Company Press Release
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by Larry Etter

E*TRADE Financial (ETFC)

E*TRADE Appoints Steven Freiberg CEO

E*TRADE FINANCIAL Corporation announced its board has appointed Steven Freiberg CEO, effective April 1, 2010. Mr. Freiberg, an experienced financial services executive, has held multiple senior level positions over a distinguished 30-year career at Citigroup. Mr. Freiberg, who also will join the Company's Board of Directors, succeeds interim CEO Robert Druskin. Mr. Druskin will remain on the Board, continuing in his role as Chairman.

Mar 23 · 10:58:00 AM · Source: Company Press Release
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by Larry Etter

CPI

February CPI Unchanged

Tthe Consumer Price Index was unchanged in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the index increased 2.1 percent before seasonal adjustment.
Monthly consumer price inflation hasn't been this low since March of last year

Mar 18 · 11:36:00 AM · Source: Company Press Release
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by Larry Etter


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